Companies

Perplexity

perplexity.ai

Perplexity builds a real-time, citation-backed AI answer engine that searches the web and synthesizes responses.

HQSan Francisco, California, United States
Employees51-200
Funding$1.22B
Valuation$20B
Revenue$100M ARR
131 active roles
Profile 8mo agoJobs checked 3d ago
Specialization
Not classified
Business
Software Applications
Market
Cross Industry
Ecosystem
Applications
Customers
Consumersand 1 more customers values
  • Enterprises
More details
Organization type
Commercial Company
Ecosystem
Applications
Business
Software Applications
Specialization
Not classified
Market
Cross Industry
Customers
Consumers, Enterprises
Delivery models
Hosted Software
Revenue models
Subscription
Listing status
Not classified
Latest equity round
Not classified
Reported funding amount
$1B+

About

Perplexity builds an AI-powered answer engine that searches the web, identifies trusted sources, and synthesizes clear, current responses with citations. It serves individual users and enterprise teams through free and paid products, differentiating itself through real-time web research and source-backed answers.

Market

Perplexity competes in the AI search, answer-engine, and assistant market, but positions itself as a specialist research tool rather than a general-purpose chatbot or a replacement for traditional search. Its differentiation is real-time web research combined with concise source citations, transparency, and auditability for users who need verifiable outputs.

Target Customers

Perplexity primarily serves research-intensive professionals and knowledge workers who need current, cited, and verifiable answers, including users in professional and enterprise research contexts. Its Search API also targets AI developers that need programmatic access to search infrastructure.

At a Glance

Problem

The web contains an enormous amount of information, but conventional search often leaves users to open multiple pages, judge source quality, and synthesize an answer themselves. Perplexity addresses that research and information-retrieval burden by turning questions into concise, current answers backed by sources. The core pain is therefore the time and cognitive cost of finding, evaluating, and combining fragmented information; the clearest use case is research on questions that require current facts and synthesis rather than a single website lookup.

Product / Service

Perplexity is a free, AI-powered answer engine. It searches the internet in real time, gathers information from relevant sources, and generates a conversational response with numbered citations linking back to the originals, so users can verify claims or investigate further. Follow-up questions support an iterative research workflow instead of forcing users to restart each search from scratch.

The company delivers the service through free core search, paid individual subscriptions such as the $20-per-month Pro plan, enterprise software for work across company files and tools, and an API for developers building grounded AI products. This model combines direct consumer access with recurring subscription, enterprise, and usage-based infrastructure revenue.

Market

Perplexity competes in the emerging AI-search and AI-answer-engine category, adjacent to—and challenging—traditional web search. Its competitive set includes Google and Microsoft Bing, as well as conversational search products such as OpenAI's SearchGPT/ChatGPT Search; the broader field also includes Google AI search experiences and other AI search engines. Perplexity's differentiation is its research-oriented workflow: real-time web retrieval, synthesized answers, and visible citations rather than a page of links alone.

It is not pre-revenue. Perplexity reported 22 million active users, $100 million in annual recurring revenue, and 780 million search queries in May 2025. A later secondary analysis reported approximately $500 million in annualized revenue in April 2026 and a $20 billion valuation, indicating substantial growth, although the later figures are not presented in the retrieved corpus as an official company release. The business therefore shows meaningful consumer adoption and monetization, while operating in a market contested by much larger search and general-purpose AI platforms.

Founders & Leadership

Aravind SrinivasFounder
Co-Founder and CEO
Denis YaratsFounder
Co-Founder and CTO
Johnny HoFounder
Co-Founder and Chief Strategy Officer
Andy KonwinskiFounder
Co-Founder
Raman MalikVice President of Product and Growth
Drew VenkerVP of Finance
Ryan FouttyVP Business
Nathan BarksdaleGeneral Counsel and VP Operations

Funding History

2022-09
Seed$3.1M

Elad Gil, Nat Friedman

2023-03
Series A$28.8M

New Enterprise Associates

2023-10
Series AUndisclosed

IVP

2024-01
Series B$73.6M

IVP

2024-04
Series C$63M

Daniel Gross

2024-08
Series C$250M

SoftBank Vision Fund

2024-12
Series D$500M
2025-05
Series E$500M

Accel

2025-07
Series E$100M
2025-09
Series E$200M
2025-12
AngelUndisclosed

Recent News

2026-10-07product_launch
Perplexity releases pplx-embed-v2-late multimodal embedding models

Perplexity released pplx-embed-v2-late, a pair of late-interaction embedding models. They support retrieval across text, images, and pages, share an embedding space across model sizes, and are publicly available on Hugging Face.

2026-10-06partnership
Rings AI and Perplexity partner to bring team relationship intelligence into Perplexity Computer

Rings AI and Perplexity announced a partnership making the Rings connector available in Perplexity Computer. The integration brings team relationship intelligence into Perplexity Computer.

2026-10-01partnership
Perplexity and American Express launch AI Skills for business owners

Perplexity and American Express announced ready-to-use Skills for Perplexity Computer, curated for U.S. American Express Business Card Members with a Perplexity Enterprise subscription. The workflows cover tasks including tax preparation, cash-flow forecasting, and marketing campaign generation.

2026-09-15partnership
Crusoe and Perplexity announce a multi-year AI partnership

Crusoe announced a multi-year partnership with Perplexity to power Perplexity’s AI workloads on Crusoe Cloud. The agreement covers training frontier models on dedicated NVIDIA GB300 NVL72 clusters and production inference through Crusoe Managed Inference; Crusoe will also adopt Perplexity Enterprise Pro and Max for its 1,800 employees.

2026-08-24funding
Nvidia discusses potential Perplexity investment at $30B+ valuation

Reports on August 24 said Nvidia was discussing an investment in Perplexity as part of a potential equity funding round that would value the company at more than $30 billion. The reports describe ongoing discussions rather than a completed transaction or a disclosed investment amount.

2026-08-18product_launch
Interfaze introduces OpenWebSearch web-index router

On August 18, 2026, Interfaze introduced OpenWebSearch, a router for web indexes including Google SERP, Exa, Brave, and Perplexity. The product standardizes API inputs and outputs across providers and offers centralized billing through a single REST-based interface.

2026-08-08partnership
Perplexity works with Firebird on AI infrastructure

Perplexity was publicly identified as working with Firebird to access high-performance AI infrastructure for its AI agent platform and answer engine. The relationship was disclosed in connection with Firebird’s launch of a large AI factory in Armenia.

2026-08-06ma
Perplexity acquires Browserbase for roughly $120M

Perplexity announced that it acquired Browserbase, a browser-infrastructure startup, to expand its browser and agent capabilities. The transaction was reported at roughly $120 million, although Perplexity did not disclose the purchase price.

2026-08-06product_launch
Perplexity launches Comet for Android

Perplexity launched Comet for Android, describing it as the first agentic AI browser built for mobile. The Android version includes an in-pocket AI assistant, voice interaction across open tabs, tab-wide summarization, and an ad blocker.

2026-03-19partnership
Perplexity and b.well Bring Trusted Health Data to AI Search, Enabling Personalized Health Answers

The partnership connects Perplexity's answer engine with b.well's national health-data network so users can receive personalized, privacy-conscious answers informed by their medical records.

2026-02-25product_launch
Introducing Perplexity Computer

Perplexity introduced Computer, a system intended to unify its AI capabilities for end-to-end work including research, design, coding, deployment, and project management.

2025-09-10funding
Perplexity Secures $200 Million at a $20 Billion Valuation

Perplexity secured commitments for $200 million in new funding at a $20 billion valuation, according to Reuters reporting.

Active Roles

131
Hybrid - San Francisco; New York City/Finance/6d ago
Hybrid - Belgrade; London; Berlin/Engineering/10d ago
Hybrid - New York City; Austin/Sales/10d ago
Hybrid - New York City; San Francisco; Austin/Sales/10d ago
Hybrid - San Francisco/Finance/12d ago
Hybrid - Belgrade; London; Berlin/Engineering/12d ago
Hybrid - San Francisco; New York City/Data & Analytics/13d ago
New York City; San Francisco/Engineering/13d ago
New York City; San Francisco/Product/16d ago
Hybrid - San Francisco; New York City/Marketing/16d ago
Hybrid - San Francisco/Operations/16d ago
San Francisco/Engineering/17d ago
Hybrid - San Francisco; New York City/Operations/19d ago
San Francisco/Engineering/20d ago
Hybrid - San Francisco; New York City/HR & Recruiting/24d ago
OnSite - New York City/Operations/26d ago
Hybrid - San Francisco; Remote (United States)/Finance/27d ago
Belgrade; London; Remote; Berlin; Ireland/Technical Account Manager/27d ago
Hybrid - San Francisco; New York City/Sales/30d ago
Belgrade; London; Remote; Berlin/Engineering/30d ago

Business Model

Perplexity uses a freemium subscription model: its core answer engine is free, while individual and enterprise customers pay for premium plans. Enterprise pricing is seat-based, including Enterprise Pro at $40 per month and Enterprise Max at $325 per month per seat.

Products

Perplexity AI Answer EnginePerplexity Search APIRetrieval-augmented and agentic search platform

Customers

NVIDIAElevenLabsVercelRampDatabricksStripeAmplitudeSnowflakePaytmHPBridgewaterWoven Health CollectiveAlixPartnersMontana DNRCNemetschek GroupInteleosLambdaPayPalLatham & WatkinsGunderson DettmerRhoBessemer Venture PartnersU.S. Anti-Doping AgencyIVP

Tech Stack

Large language models (LLMs)Real-time web searchRetrieval-augmented searchAgentic AI capabilities

Competitors

OpenAI ChatGPT
Google Gemini and AI Overviews
Anthropic Claude

Key Investors

Nvidia, New Enterprise Associates, SoftBank Vision Fund, IVP, Wayra, Laude Capital, Databricks, Bessemer Venture Partners, Kindred Ventures, Factorial Funds